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Court Rules Kotak Bank's Provisional Attachment of Cash Credit Account Invalid Due to Common PAN Card Issue.

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Full Text of the Document

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....Provisional attachment of other accounts of petitioner alongwith the cash credit account - As the PAN Card number is common, no sooner the authority concerned instructed the bank to provisionally attached the cash credit account, then the Bank, on its own, freezed all other accounts - The provisional attachment of the cash credit account maintained with the Kotak Bank is not sustainable in law - HC....

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